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909 Fairview Road
Main North Penticton V2A 5Z1

$3,250,000
Multi-family built: 1960

Main Photo: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Photo 1: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Photo 2: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Photo 3: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Photo 4: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Photo 5: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Photo 6: 909 Fairview Road in Penticton: Multi-family for sale : MLS®# 10386430
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
10386430
Year Built:
1960
Well-maintained two-storey apartment building in a prime walkable location — steps from downtown Penticton and all essential amenities. The property comprises 18 one-bedroom units, seven of these have been fully remodelled with updated kitchens, bathrooms, flooring, and paint. Recent capital improvements include a new boiler and pumps, hot water tank, additional laundry appliances, and a refurbished lobby with secure mailboxes. With no balconies or elevator, the building is exceptionally low-maintenance and operationally efficient. More than half the units remain substantially below market rent, and the property re-leases quickly with minimal vacancy exposure — each turnover a mark-to-market opportunity. Strong occupancy underpins stable cash flow, with a projected capitalization rate of 7.31% at full market rents (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Taxes:
$14,703.44 / -
Community:
Main North
Security Features:
Security
Structure Type:
Multi-Family
Half Bathrooms:
0
Cooling:
Wall unit
Fireplace:
No
Water:
Municipal water
Sewer:
Municipal sewage system
Lot Size:
14,810 sq. ft.
Lot Details:
0.34
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Listed by Chamberlain Property Group Inc.
Data was last updated May 15, 2026 at 08:45 AM (UTC)
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Sonia Mason *PREC
Cell: 250-498-7089
Office: 250-498-6500
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